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Nigeria has sustained its recovery in crude oil production, meeting its Organisation of Petroleum Exporting Countries (OPEC) production quota for the sixth consecutive month as combined crude oil and condensate output averaged approximately 1.68 million barrels per day in October 2026.

Fresh production figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country recorded an average daily production of 1,687,710 barrels during the month under review.

The performance represents a 5.7 per cent increase compared with the 1,597,199 barrels per day recorded in October 2025, reflecting an improvement in Nigeria’s oil production capacity over the past year.

However, October’s output declined by approximately 1.7 per cent compared with the 1.72 million barrels per day recorded in September.

The regulator’s data further showed that daily production reached a peak of 1.79 million barrels, while the lowest production level during the month stood at 1.60 million barrels per day.

In terms of crude oil production alone, excluding condensates, Nigeria recorded an average of 1.51 million barrels per day.

This exceeded the country’s OPEC production allocation of 1.5 million barrels per day by approximately one per cent, extending its compliance streak to six consecutive months.

Nigeria began its latest run of meeting the production target in May, when crude oil output averaged 1.53 million barrels per day.

Production subsequently increased to 1.55 million barrels per day in June before moderating to 1.51 million in July and 1.50 million in August. Output recovered to 1.53 million barrels per day in September before settling at 1.51 million in October.

The NUPRC attributed the relatively stable performance to improved operational conditions across producing assets, better production uptime and more efficient crude evacuation.

The commission also identified the maintenance of asset integrity and improved operational reliability as important factors supporting production activities across the upstream petroleum sector.

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The recovery is significant for Nigeria, where crude oil remains a major source of government revenue and foreign exchange earnings.

Higher production levels could strengthen government finances, improve export earnings and provide additional resources for economic development.

However, the latest figures also highlight the difficulty of sustaining consistent production growth, particularly as October recorded a decline from the previous month.

Nigeria continues to face challenges associated with crude oil theft, pipeline vandalism, ageing infrastructure and disruptions affecting production and evacuation.

Maintaining the six-month performance will therefore require sustained investment, improved security around oil facilities and stronger collaboration between regulators and operators.

The latest production figures provide a positive indication of progress in the petroleum sector, although the government still faces the challenge of increasing output towards its 2026 budget benchmark.

The Traffic NG
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Amarachi Ihesiulo

Ihesiulo Grace Amarachi is a Nigerian journalist, writer and media professional serving as the Editor-in-Chief of TheTraffic.NG, a digital news platform covering national and international affairs. Her editorial interests span politics, business, aviation, health, technology, entertainment, sports and social development. She is committed to credible journalism, insightful reporting and compelling storytelling that informs public discourse and keeps readers abreast of important developments in Nigeria, Africa and beyond.

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